Western Copper and Gold Provides Update on Casino Permitting

May 12, 2016

Western Copper and Gold Provides Update on Casino Permitting

VANCOUVER, B.C. Western Copper and Gold Corporation (TSX: WRN; NYSE MKT: WRN) announces that its wholly-owned subsidiary, Casino Mining Corp. (together, the “Company” or “Western”) has been informed that the Executive Committee of the Yukon Environmental and Socio-Economic Assessment Board (“YESAB”) has notified the Federal Minister of Environment and Climate Change that it is requiring that the Casino Project be reviewed by a panel (the “Panel Review”) for matters relating to tailings and waste management and potential effects to wildlife.

Panel Review is the highest level of assessment carried out by YESAB.  Having the Casino Project moved to a Panel Review at this stage removes the uncertainty that the Project will be referred later in the assessment process, potentially saving the Company time and money.  The decision will provide Western with an opportunity to engage the broader public in addition to Federal, Territorial and First Nation governments, and to demonstrate that the Casino mine can be built without significant adverse effects. The Company will provide more information on the process as it develops.

The feasibility study completed in 2013 shows favourable economics, even at today’s low commodity prices.  A 2013 report, prepared by MNP indicates that the Casino mine should be transformative for Yukon and Canada, delivering hundreds of job opportunities, contributing $9.6 billion to the Canadian economy, and paying $3.2 billion in taxes and royalties to Federal, Territorial, and First Nation governments over its expected mine life.

The Company’s Chief Executive Officer, Dr. Paul West-Sells, stated: “We appreciate that a mine of this significance requires all key aspects to be thoroughly evaluated.  We look forward to working with Yukoners to ensure the project moves forward in an environmentally and socially responsible way.  We remain confident that the Casino Project is a great asset for Yukon that will provide benefits to Yukon communities and First Nations for generations to come.”

Western Copper and Gold Corporation

“Paul West-Sells”

Dr. Paul West-Sells
President and CEO

For more information, please contact:

Chris Donaldson,
Manager, Corporate Development
604.684.9497 or info@westerncopperandgold.com